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Drakewalls, Gunnislake

South West

£775,000
Listed on 01/05/2026

Property Details

Bedrooms
8
Type
Detached
Area
2528 sqft

Description

This impressive period residence offers significant potential for both income generation and personal enhancement. Comprising a primary 5-bedroom home along with a separate 2-bedroom coach house, this property also holds planning permission for an additional holiday let, making it an attractive option for investors or those looking to capitalize on the burgeoning tourism market in the area. Nestled in picturesque gardens and conveniently located near local amenities, this freehold property is situated in Drakewalls, featuring elevated views across the Tamar Valley towards Dartmoor. Dating back to the late 19th century, this family home has served as a successful Bed & Breakfast for over three decades, allowing its owners to implement various upgrades that enhance its function and appeal. The principal dwelling spans three floors plus a cellar, offering ample space with five bedrooms, four bathrooms, and three reception areas, alongside a modern kitchen designed with contemporary finishes. The adaptable layout includes the coach house which has been thoughtfully converted from its original structure about 35 years ago; it currently functions as both an annexe and a potential holiday rental unit. Furthermore, there are plans approved for converting an attached garage into an additional one-bedroom holiday let. The surrounding gardens provide a tranquil setting featuring diverse planting and leisure spaces ideal for outdoor entertaining. With current features such as mains services including gas central heating and opportunities for further development through existing planning permissions, this property presents substantial renovation prospects in addition to its immediate attractiveness as a multi-use dwelling.

Investment Analysis

(PL18 area)

Above Market Value

This property is priced +9.7% above area average per sq ft

+9.7%
This Property
£307/sq ft
Area Average
£280/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£777,234
10% above area average per sq ft
Potential ROI
-13.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
5
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (PL18)

Area prices are stable by +0.9% over the last 12 months
3 year growth: -6.1%
5 year growth: +17.6%
Investment Disclaimer: Analysis based on PL18 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Drakewalls, Gunnislake
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£2,765
Based on a loan of £581,250 over 30 years at 3.97% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

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